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<p><b>    LOAN SERVICE AGREEMENT    </b></p>
<p>    This Loan Agreement (the <b>“Agreement”</b>) is made this kloanDate (the <b>“Effective Date”</b>),    </p>
<p>    Between    </p>
<p>    <b>LendSafe</b>, a Loan app operating under the registered license of <b>Altracred Finance Investment Limited</b>, a private limited liability company and having its registered address at 4C, Idowu Martins, Victoria Island, (the<b> “Lender”</b> which expression shall, where the context admits include its successors-in-title and assigns) of the first part;    </p>
<p>    and    </p>
<p>    kloanName whose address is at kloanAddress, (the<b> “Borrower”</b>, which expression shall, where the context admits include its successors-in-title and assigns) of the second part;    </p>
<p>    individually erred to as “<b>Party</b>”, and collectively “the<b> Parties.</b>”    </p>
<p><b>    WHEREAS    </b></p>
<p>    a. Altracred Finance Investment Limited is a company that is into Money Lending business through its loan app, ‘LendSafe’ and open to lending money to the Borrower.    </p>
<p>    b. The Borrower is a responsible Nigerian citizen who is an adult, representing to be within 18 years or above, and resident in Nigeria.    </p>
<p>    c.  The Borrower desires to borrow the sum of kloanMoney from the Lender on the   conditions and terms of the Lender.    </p>
<p><b>    IN CONSIDERATION of, the covenants, and conditions contained herein, the Parties agree as follows:    </b></p>
<p><b>    1. CONDITIONS AND MEANS OF TAKING LOAN FROM THE LENDER    </b></p>
<p>    a. Borrower can take Loans from the Lender through LendSafe loan app between the sum ₦5,000 to ₦600,000 based on regular use of the Lender’s service after meeting the following conditions:    </p>
<p>    i. That the Borrower is a Nigerian citizen resident in Nigeria    </p>
<p>    ii. That the Borrower is 18 years or above.    </p>
<p>    iii. That the Borrower has the financial means to pay back the loan as at when due.    </p>
<p>    iv. That the Borrower reads and understand this Loan agreement and the Privacy policy.    </p>
<p>    v. That the Borrower details that will be supplied to the Lender are accurate and up-to-date.    </p>
<p>    vi. The Borrower is required to complete registration on the loan app by providing all requested information inclusive of Borrower’s name, email address, phone number, online credentials for your Bank Account, and other details we may periodically require.    </p>
<p>    vii. The Borrower is required to have a Bank Account in Nigerian financial institution.    </p>
<p>    b. Emergency contact: For credit assessment procedure, Borrower shall be required to input accurate details of three (3) emergency contacts into their LendSafe account.    </p>
<p>    c. The Lender’s repayment plan is flexible based on the loan amount requested and your usual use of the loan app. However, the longer you default in payment, the higher the Borrower’s default fee increases.    </p>
<p>    d. The interest rate of the Lender is ≤36%.    </p>
<p>    e. The Lender’s Loan tenure is kloanDay days.    </p>
<p>    f. The Repayment Date of the Loan is krepaymentDate.    </p>
<p>    g. The Borrower understands that the information provided to the Lender through LendSafe Loan App is subject to verification.    </p>
<p>    h. The Lender is not obliged to give out loan to the Borrower and owes no explanation to the Lender the reason for the decline.    </p>
<p>    i. The loan is without collateral; therefore, the Borrower gives the Lender liberty to verify the Borrower and take all legal measures to recover the loan from the Borrower when overdue.    </p>
<p><b>    2. LOAN ADVANCEMENT AND REPAYMENT    </b></p>
<p>    2.1 The Company commits to providing the Loan amount specified above, and the Borrower agrees to accept the Loan under the terms outlined in this Agreement.    </p>
<p>    2.2 The Borrower commits to repay the Loan by the Repayment Date mentioned above, including any accrued interest, according to the conditions specified in this Agreement.    </p>
<p>    2.3 All repayments mentioned in clause 1 shall be made according to the payment instructions designated by the Company.    </p>
<p><b>    3. INTEREST    </b></p>
<p>    3.1 Interest will be applied at the rate specified above. The Company reserves the right to adjust the interest rate in line with market changes at its sole discretion.    </p>
<p>    3.2 The repayment installments, as listed in the Repayment Dates, are based on regular, agreed-upon intervals. If a repayment installment's due date falls on a non-business day, it may be paid on the next business day, with additional interest potentially accruing.    </p>
<p>    3.3 Interest will be calculated daily on the outstanding balance.    </p>
<p>    3.4 If the Borrower does not make a repayment installment by the Repayment Date, the Company will apply the default interest rate specified above on the unpaid amount. The default interest rate is kpenaltyInterest, and will be applied from the date the payment was due.    </p>
<p>    3.5  The default interest rate:    </p>
<p>    3.5.1 Will be charged in addition to the regular interest rate and will be calculated and collected in the same manner as the regular interest.    </p>
<p>    3.5.2 Will accrue before and after any court judgment obtained by the Company against the Borrower.    </p>
<p>    3.5.3 Will serve as compensation for the additional risk and administrative costs associated with the Borrower’s failure to make timely payments.    </p>
<p><b>    4. LOAN DISBURSEMENT    </b></p>
<p>    4.1 The Company will transfer the Loan to an account specified by the Borrower.    </p>
<p>    4.2 The Loan will be disbursed only after the Borrower has provided all required documentation and met all conditions precedent as outlined in clause 10 of this Agreement.    </p>
<p><b>    5. EVENTS OF DEFAULT    </b></p>
<p>    The following events will cause all amounts owed under this Agreement to become immediately due and payable:    </p>
<p>    5.1 The Borrower fails to make a payment of principal, interest, or any other amount due on the specified date.    </p>
<p>    5.2 The Borrower breaches any terms of this Agreement, including any representations or warranties.    </p>
<p>    5.3 A bankruptcy petition is filed against the Borrower.    </p>
<p>    5.4 Any situation arises that, in the Company’s opinion, makes it inappropriate or illegal to continue extending the loan to the Borrower.    </p>
<p><b>    6. BORROWER’S CONVENANT:    </b></p>
<p>    a. To use the App in compliance with applicable laws, regulations, and these Terms.    </p>
<p>    b. To ensure the information provided during the registration process is accurate.    </p>
<p>    c. To make their account credentials confidential.    </p>
<p>    d. To make timely payments of all principal and interest due under the Loan Agreement according to the agreed-upon repayment schedule.    </p>
<p>    e. To promptly notify the Lender in writing of any default under the Loan Agreement or any material adverse change in its financial condition.    </p>
<p>    f. Not to disrupt the effective use of the app by engaging in acts that could affect LendSafe operations and security.    </p>
<p>    g. Not to use LendSafe for fraudulent or unlawful activities.    </p>
<p>    h. Not to attempt to re-engineer any software composed in or in any way making up a part of LendSafe app.    </p>
<p>    i. To use the app for personal use only with the aim of taking loans or getting information only.    </p>
<p>    j. To always update the Lender of change in details of Borrower’s information.    </p>
<p><b>    7. WHERE BORROWER DEFAULTS    </b></p>
<p>    The following events shall constitute default under this Loan Agreement:    </p>
<p>    a. Non-Payment: Where the Borrower does not make any payment of principal or interest when due under this Agreement.    </p>
<p>    b. The Borrower breaches any covenant, representation, or warranty made in this Agreement, and such breach continues unremedied for a period of five days after written notice from the Lender.    </p>
<p>    c. Where the representation made by the Borrower in this Agreement or information provided prove to have been false or misleading in any material respect when made.    </p>
<p>    d. A material adverse change occurs in the financial condition, business, operations, or prospects of the Borrower that, in the judgment of the Lender, materially affects the Borrower's ability to repay the loan.    </p>
<p><b>    8. CONSEQUENCE OF DEFAULT    </b></p>
<p>    Where you default in the payment of your loan, you agree that the Lender can take any of the actions below:    </p>
<p>    a. Lender has the right to demand immediate repayment of the entire outstanding principal amount of the loan, plus any accrued interest and fees. This can be done through different modes of communication in an effort to get you to refund the loan.    </p>
<p>    b. Lender may pursue various collection actions to recover the debt, including engaging third-party debt collectors to pursue payment.    </p>
<p>    c. Lender may initiate legal proceedings against the borrower to obtain a judgment against the Borrower for the amount owed.    </p>
<p>    d. Lender may report the default to the credit bureaus, which can have a negative impact on the borrower's creditworthiness.    </p>
<p>    e. Depending on the Borrower’s sincere cooperation and constant communication with the Lender, the Lender may be willing to negotiate a settlement with the Borrower to resolve the debt without resorting to legal action by extending the loan period.    </p>
<p><b>    9. BORROWER’S CONSENT    </b></p>
<p>    By using this LendSafe Pay loan app, Borrower consent below:    </p>
<p>    a. To acknowledge to have read, understood, be bound by these Terms. If Borrower do not agree to these Terms, Borrower should not use LendSafe App.    </p>
<p>    b. Borrower authorize Lender to collect and process personal information provided by Borrower. Borrower permits the Lender to use the provided information in accordance with Lender’s Privacy Policy.    </p>
<p>    c. Borrower authorize Lender and Lender’s affiliates to make inquiries and obtain information about you (including your credit history) from consumer reporting agencies and other sources. This authorization is necessary for processing your loan application.    </p>
<p>    d. Borrower consent to receive electronic communications from Lender through emails, messages, and notifications related to your loan application and account.    </p>
<p>    e. Borrower consent to the collection, use, and disclosure of Borrower’s personal data as described in Lender’s Privacy Policy and for the purposes stated therein.    </p>
<p>    f. Lender reserves the right to update or change these Terms from time to time. Any changes will be effective immediately upon posting to the Platform. Your continued use of the Platform after such changes constitutes your acceptance of the updated Terms.    </p>
<p>    g. Lender may terminate or suspend the Borrower from assessing the LendSafe app without prior notice for any reason or no reason, including if Lender believes Borrower has violated these Terms.    </p>
<p><b>    10. BORROWER’S RIGHT    </b></p>
<p>    <b>a. Right to be informed: </b>Borrower has the right to receive clear and understandable information about the loans condition, including interest rates, fees, repayment schedule, and any penalties or charges through this agreement and the loan app.    </p>
<p>    <b>b. Right to Privacy: </b>Lender respect Borrower’s privacy rights. Borrower’s personal information will only be used for the purposes specified in in Lender’s Privacy Policy and will not be shared without your consent, except as required by law.    </p>
<p>    <b>c. Right to Withdraw Application: </b>Borrower has the right to withdraw the loan application at any time before acceptance of the loan conditions without any penalty or fees.    </p>
<p>    <b>d. Right to Dispute Resolution:</b> In case of disputes or disagreements regarding the loan agreement, you have the right to contact the Lender to seek clarification or resolution through fair and accessible dispute resolution mechanisms as outlined in the agreement.    </p>
<p>    <b>e. Right to Loan Repayment Options:</b> Borrower has the right to choose from available repayment options that best suit your financial circumstances, subject to the terms and conditions of the loan agreement.    </p>
<p>    <b>f. Right to Early Repayment:</b> Borrower has the right to repay the loan early, in whole or in part, at any time without incurring prepayment penalties    </p>
<p>    <b>g. Right to Information Security:</b> Lender take reasonable measures to ensure the security and confidentiality of your personal and financial information collected during the loan application process.    </p>
<p>    <b>h. Right to Withdraw Consent: </b>Borrower’s consent to receive Communications electronically will remain in effect until Borrower withdraw it. Borrower has the right to withdraw Borrower’s consent to the processing of Borrower’s personal data at any time. Lender will cease processing Borrower personal data for the purposes to which you initially consented, unless there is another legal basis for processing where Borrower withdraw consent.    </p>
<p><b>    11. REPRESENTATION AND WARRANTIES    </b></p>
<p>    Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation.    </p>
<p><b>    12. SEVERABILITY    </b></p>
<p>    In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions shall continue in full force and effect as valid and enforceable.    </p>
<p><b>    13. SUCCESSOR    </b></p>
<p>    This Agreement is a promise of the Borrower and shall bind the Borrower including the Borrower’s successors, heirs and assigns; provided, however, that Lender may not assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the holder of this Agreement.    </p>
<p><b>    14. TERMINATION    </b></p>
<p>    Either Party has the right to terminate this agreement at any time. The Lender is under no obligation to the Borrower to give reason for termination or suspension of service to the Borrower. Where the Borrower terminates the agreement, the Borrower shall fulfill these conditions:    </p>
<p>    a. The Borrower shall immediately cease all use of the loan application platform and return any borrowed funds or assets in accordance with the terms of the agreement.    </p>
<p>    b. Any outstanding obligations, including repayment of borrowed funds and accrued interest, shall become immediately due and payable to the Lender.    </p>
<p><b>    15. ENTIRE AGREEMENT    </b></p>
<p>    The Parties acknowledge and agree that this Agreement represents the entire agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify any terms, they shall do so in writing to be signed by both parties.    </p>
<p><b>    By clicking or other means on the page, you confirm that you have    </b></p>
<p><b>    agreed to sign this agreement.    </b></p>

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